The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been…
Oil and gas company Barryroe Offshore Energy said Friday it had started the process of an orderly wind-down of the business through a Creditors Voluntary Liquidation.As part of this process, Barryroe Offshore Energy (ex-Providence Resources)…
Norwegian offshore drilling firm Odfjell Drilling said via social media Thursday that it has, with oil firm Equinor, recently completed a pilot project operating an offshore drilling rig on renewable biofuel. According to the company, during the pilot…
The United Nations on Thursday fell far short of raising the money it needs for an operation to salvage 1.1 million barrels of oil from a decaying vessel moored off Yemen's coast and avert an environmental disaster.U.N. officials have been warning…
Dutch marine services firm Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove the oil from the decaying FSO Safer moored off Yemen’s Red Sea coast in a push to avoid environmental disaster…
Operations at the Njord A oil and gas platform in the Norwegian Sea will resume at normal levels on Tuesday after being halted because of an oil leak, a spokesperson for operator Equinor said. The platform had been depressurized and production…
Venezuela's oil minister, Tareck El Aissami, said on Monday he would resign amid corruption investigations into state-owned oil company PDVSA, in a bid to support the investigative effort. Venezuelan anti-graft police have arrested a mayor,…
Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said…
Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…
Petra Energy Berhad has secured a contract extension with Petronas for production, operation, and maintenance services at the Banang offshore oil field. The agreement runs until August 6, 2024. Its scope under the extension includes the provision of production…
Valeura Energy, an oil and gas company with assets offshore in the Gulf of Thailand and the Thrace Basin of Turkey, has agreed with Petrovietnam Drilling and Well Service Corporation to charter the PV Drilling I jack-up drilling rig to support its Gulf of Thailand operations in 2023…
Caspian Pipeline Consortium(CPC), which takes oil from Kazakhstan to the Black Sea via one of the world's largest pipelines, has been told by a Russian court to suspend activity for 30 days, although sources said exports were still flowing.CPC…
London-listed oilfield services giant Petrofac has won a contract with the oil firm Tullow Oil to provide operations services for Tullow's Jubilee Development offshore Ghana.Petrofac’s role in the Jubilee development in Ghana – one of the largest…
Oil and gas company i3 Energy has entered into a contract with Petrofac Facilities Management Limited (Petrofac) under which Petrofac will provide well engineering, operations management, and operator services for the drilling of the Serenity appraisal well on its UK North Sea Licence P…
Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.The Sakhalin-1 project…
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